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$249,900

701 N 2nd Street, Cranfills Gap, TX, 76637

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,896 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.8 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater
FlooringVinyl

Exterior

Lot Size13,983 sqft

Building Information

Year Built2004

Land Information

APNR09847
Lot Number4,5
Land UseResidential
Legal DescriptionCRANFILLS GAP (UNPLATTED PORTION A-261,A-370 BLOCK 42 LOT 4 & 5
Census Tract950400
Assessed Land Value$12,000
Assessed Improvement Value$225,550
Assessment Year2025

About this property

This beautifully maintained, one-story home is nestled in the heart of the peaceful and rural community of Cranfills Gap - approximately 15 minutes from Meridian and 20 minutes from Clifton. And within approximately 1 hour of Waco. Featuring 4 bedrooms and 2 full bathrooms, this home is thoughtfully designed for comfort, accessibility, and convenience. Safe, sturdy concrete ramps and the primary shower features a built-in seat and grab bar. Enjoy wheelchair-accessible features throughout, including wide doorways, a step-free entrance, and easy navigation across the entire home. A new AC was installed in 2025 and is controlled by a Nest thermostat for remote monitoring and control. The refrigerator is also new. Outside, you'll find ample paved parking—ideal for guests, RVs, or additional vehicles. Large hills, scenic views, and high-fence game ranches all nearby. Meridian State Park only a 15 minute drive away! The roof was replaced in 2023. If you’re looking for a move-in-ready home in a community with small-town charm, this is it! Don’t miss your chance to own a piece of Cranfills Gap comfort.

Investor Tools

$213,755Estimated Mortgage Balance
$33,245Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Promise Dubose

Arise Capital Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,073
$237,550
2025
$12,000
$225,550
$237,550
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,073
$237,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$226,980
No
First
Jun 23, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,755
$33,245
13%
87%
$1,361/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Cranfills Gap

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701 N 2nd Street | Property Details | No Agent List